Shares of Butterfly Network climbed 33% to $7.59 on Thursday after the company revealed that Midjourney is integrating its proprietary ultrasound-on-chip modules into a new full-body tomographic imaging machine. This milestone pushes the company’s year-to-date stock performance to nearly a 100% gain.
“Unfortunately, price increases are unavoidable,” Apple Chief Executive Tim Cook told The Wall Street Journal, signaling that rising storage and memory costs have reached an unsustainable point. This candid admission from the tech giant triggered an immediate rally among major chip manufacturers struggling to meet global AI-driven demand.
A preliminary agreement between the U.S. and Iran to reopen the Strait of Hormuz triggered a sharp retreat in oil markets Thursday. By midday, crude futures tumbled as traders braced for a potential influx of Iranian barrels, signaling a significant shift in regional supply dynamics and global energy pricing.
Adobe is integrating a generative AI agent directly into its flagship creative applications, aiming to automate complex production workflows. By allowing users to issue natural language commands, the assistant handles routine tasks like video sorting, background removal, and brand asset updates across Photoshop, Premiere, and Illustrator.
A 17% drop in Accenture’s share price followed the company’s decision to slash its annual sales forecast, as management pointed to a $100 million revenue hit from Middle East instability and stalled contract negotiations that soured an otherwise steady quarter of artificial intelligence-led demand.
Patients facing the 2026-2027 flu season will soon have a more affordable alternative to Genentech’s Xofluza, as the FDA has granted approval for the first generic version of the single-dose treatment. Norwich Pharmaceuticals will manufacture the baloxavir marboxil tablets, marking a shift in the market for acute influenza therapy.
A series of incidents involving autonomous vehicles maneuvering into active construction zones has triggered a massive safety recall for Waymo. The Alphabet-owned company is pulling back its fifth-generation automated driving systems after reports surfaced of robotaxis ignoring ramp closures and navigating through restricted freeway work sites.
Accenture’s decision to lower its fiscal 2026 revenue guidance sent a tremor through European markets Thursday, triggering a sector-wide selloff. The move amplified existing investor anxiety regarding the long-term viability of traditional software firms currently grappling with the rapid integration and competitive pressures of artificial intelligence.
Setting a clear path for expansion, Advanced Drainage Systems expects to eclipse $4 billion in revenue by fiscal 2030. The Ohio-based firm plans to leverage organic growth and recent high-profile acquisitions to push beyond its current $3.05 billion baseline, signaling a significant shift in its long-term financial trajectory.
A potential $725 million windfall from the Department of Defense is set to transform the American rare earth supply chain. By backing the expansion of the White Mesa Mill in Utah, the U.S. government aims to secure domestic production of critical minerals and alloys, reducing reliance on overseas processing.
A $30 million settlement is set to resolve antitrust claims against Otter Tail Corp. and its subsidiaries, Northern Pipe Products and Vinyltech, following accusations of coordinated pricing in the PVC pipe market. The agreement marks a significant exit for the company from one branch of a sprawling federal class-action lawsuit.
Matthew Domeyer takes the helm as chief financial officer at AudioEye starting July 20, stepping into the role after a tenure as corporate controller at the residential furniture manufacturer Flexsteel Industries.
A surge of 8.8% in premarket trading greeted Eos Energy Enterprises on Thursday, as shares climbed to $8.27 following the announcement of a maiden purchase order under a two-gigawatt capacity reservation deal with Frontier Power USA, marking a significant milestone for the firm’s long-duration battery storage technology.
German chemical giant Evonik Industries will eliminate 3,200 positions by the end of 2029, a move that compounds an existing restructuring program. Faced with stagnant demand and surging energy costs, the company is also shuttering its unprofitable polyester business, marking a grim trend for the nation's manufacturing sector.
Despite a sudden cooling in global energy markets following the Iran-U.S. peace agreement, European Central Bank Chief Economist Philip Lane insists inflation will remain stubbornly high. Lane reaffirmed the bank's commitment to further rate hikes, dismissing concerns that diverging from the Federal Reserve’s current policy could destabilize the eurozone economy.
U.S. soybean export sales reached 729,000 metric tons for the week ending June 11, landing at the upper end of market expectations. While analysts had projected a range between 400,000 and 850,000 tons, the latest Department of Agriculture report confirms a robust demand cycle for the 2025/26 and 2026/27 marketing years.
Ondas is betting $125 million on the future of autonomous infrastructure inspection, moving to acquire Scottish drone specialist Cyberhawk in a cash-and-stock transaction. The deal, expected to close in the third quarter, aims to merge Cyberhawk’s specialized analytics software with Ondas’ existing fleet of autonomous drone systems.
Three years after its founding, Tel Aviv-based Dream Security has secured $260 million in fresh capital, pushing its market valuation to $3 billion. The round underscores the relentless investor demand for AI-driven defense infrastructure, even as the company moves to expand its footprint across four continents.
Empire Company posted a profit of C$212 million for the quarter ended May 2, outpacing analyst projections with earnings of C$0.94 a share. The Canadian grocer’s performance was bolstered by consistent demand across its Sobeys and FreshCo banners, alongside a resilient national wholesale distribution network.
Novocure’s late-stage clinical trial for newly diagnosed glioblastoma failed to prove that starting therapy earlier significantly improves overall survival. The study compared the efficacy of initiating Tumor Treating Fields during chemoradiation versus the standard maintenance phase, ultimately showing no statistically significant difference between the two treatment timelines.
Two Chicago Atlantic entities are set to combine operations in an all-stock transaction, aiming to unify under a single business development company structure. The move marks a strategic shift for the real estate investment trust as it prepares to convert into a BDC to streamline management and consolidate investment activities.
A strategic shift in domestic nuclear power production took shape Thursday as Oklo signed a letter of intent with Centrus Energy. The agreement secures a multi-year supply of high-assay low-enriched uranium, known as HALEU, to fuel five of Oklo’s next-generation reactors at its upcoming Ohio clean energy campus.
Richard Pozzebon will step into the role of chief financial officer at Titan Mining on July 6, taking over the helm of the zinc producer’s fiscal operations. He arrives at the Gouverneur, New York-based firm following a tenure as the finance chief at lumber manufacturer Interfor.
Shares of First Carolina Financial Services will debut on the New York Stock Exchange today after the Raleigh-based bank holding company priced its initial public offering at $12.50 per share. The figure fell short of the anticipated $14 to $16 range, ultimately raising approximately $69 million for the firm.
Shares of FreeCast soared 160% to $13.41 in Thursday’s premarket trading after the company announced a reseller agreement to provide Starlink Business services. This expansion marks a strategic shift for the firm, which previously focused exclusively on media, television, advertising, and digital-engagement software solutions for its enterprise clients.
Bell Canada, Cohere, Hypertec, and Buzz High Performance Computing have launched a domestic partnership to build sovereign artificial intelligence infrastructure. By integrating local data centers with hardware manufactured in Quebec, the consortium aims to move beyond experimental AI toward large-scale, secure deployments for government and enterprise clients.
Swiss watchmakers recorded 2.11 billion francs in exports for May, a 0.4% uptick that signals a fragile stabilization following months of tariff-induced turbulence. While the U.S. market shows signs of absorbing past trade shocks, broader geopolitical instability continues to restrain the industry's recovery across key global regions.
German specialty-chemicals giant Evonik will eliminate 3,200 positions by 2029, as persistent economic stagnation and intensifying international competition force a sweeping overhaul of its administrative and business units. The cuts, which include 2,150 roles in Germany, aim to leverage digitalization and outsourcing to reclaim operational efficiency.
Investors pushed Murata Manufacturing shares up 8.1% on Thursday, underscoring a market shift toward the passive components that keep high-performance AI circuits stable. The Kyoto-based supplier, now up 270% this year, has become a primary beneficiary of the mounting hardware requirements needed to power modern data centers.
Investors have signaled strong appetite for Kardigan’s precision therapeutics, driving the Princeton-based firm to price its initial public offering at the top of its expected range. The upsized sale pulled in $400 million, positioning the clinical-stage company for its Nasdaq debut this Thursday under the ticker symbol KARD.
